Author Topic: Canadians who are successful with credit card hacking click here.  (Read 14100 times)

Gerard

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Re: Canadians who are successful with credit card hacking click here.
« Reply #50 on: March 07, 2017, 04:24:58 PM »
https://www.howtosavemoney.ca/Rewards/Airline/Aeroplan

A good primer for the basic principles, but about 4 years out of date. I wish I could recommend an updated link rather than just being negative, but I've picked up what I know piece by piece, so I don't know a unified "how it works" page.

Goldielocks

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Re: Canadians who are successful with credit card hacking click here.
« Reply #51 on: March 08, 2017, 12:30:48 AM »
There are quite a few AMEX options for aeroplan cards.

Amex Gold is at FYF and 25000 pts for 1500$ in three months. Easy enough if you buy gift cards.

Check on Red Flag deals for more details (Or GCR)
Amex Gold BUSINESS has 35000 points for $5k spend in 3 months.   

With our car insurance due, and few other spring time spends (house or life insurance), it was pretty easy to hit.

(WTF!  $200k of third party liability with under insured protection is just over $1000 for an old car and a 10+ years claims free record)..

daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #52 on: March 08, 2017, 06:02:54 AM »
This year I'm doing the lovely Amex MR cards. Should end up as ~ $1300 I think, with a couple of referrals, and self-referrals. Maybe a bit more than that.

I hate Aeroplan but I guess I'll move on to them once the MR stuff is gone (as Amex is now one bonus per card per lifetime). Next year.

elaine amj

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Re: Canadians who are successful with credit card hacking click here.
« Reply #53 on: May 04, 2017, 05:18:32 PM »
Check this out: https://forums.redflagdeals.com/ratesupermarket-ca-scotiabank-gold-amex-300-travel-welcome-bonus-75-gift-card-first-year-fee-waived-2097235/

Both DH and I just applied - $300 of rewards + $75 gift card each person. Pretty sweet deal. Also, if redemption is smooth, this could work well as a primary card with 4x on gas, groceries and dining.


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FIRE_at_45

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Re: Canadians who are successful with credit card hacking click here.
« Reply #54 on: May 04, 2017, 05:47:32 PM »
Thanks, that's a good one.

https://www.greatcanadianrebates.ca/details/Scotia-SCENE/

^^ this is also a good one.  No annual fee card.  $25 value in movies for signing up plus the $75 bonus from GCR.

daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #55 on: May 04, 2017, 06:19:42 PM »
Thanks, that's a good one.

https://www.greatcanadianrebates.ca/details/Scotia-SCENE/

^^ this is also a good one.  No annual fee card.  $25 value in movies for signing up plus the $75 bonus from GCR.

That card's pretty terrible, honestly. Depends on your situation and whatnot, but...

The Scotia Amex on the other hand is a fantastic main-if-they-take-Amex card - 4% on gas/groceries/restaurants, when you redeem for travel. Excellent travel insurance (25 days I think).

I re-got one last month or so, but because they had pre-approved me... Only $250 in points but no hard pull, so I took it!

No more for me for a while... got to ease off til I can apply for a Gold Amex for some more lovely MR points.

elaine amj

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Re: Canadians who are successful with credit card hacking click here.
« Reply #56 on: May 04, 2017, 10:11:57 PM »


No more for me for a while... got to ease off til I can apply for a Gold Amex for some more lovely MR points.

I think I maxed out all the MR-type cards last year. Will wait a bit then reapply. Wonder if it is a good time this year to reapply for the Marriott again. I don't think we have had that for a few years now.



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Stachey

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Re: Canadians who are successful with credit card hacking click here.
« Reply #57 on: May 05, 2017, 07:43:14 AM »
Thanks for starting this thread F45!  I know absolutely nothing about credit card hacking but the bank has a deal so want to know more about it...no one has mentioned this card in the rest of this thread that I could see.

Does anyone have any experience with a CIBC Aventura card?

It says 15,000 Aventura points for signing up plus they will waive the $120 annual fee for the first year.  It says 2 Aventura points for every dollar spent on travel.

Has anyone tried to redeem Aventura points toward a flight?  Is it a nightmare to redeem? (It sounds like some of the other plans are miserable to redeem).  What kind of value would 15,000 Aventura points be equal to?  (Sorry for the remedial questions...I really know nothing about credit card hacking.)
 
It also says I can use the points towards a flight reward or merchandise of my choice...I have to read the fine print to find out what that means. 

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Re: Canadians who are successful with credit card hacking click here.
« Reply #58 on: May 05, 2017, 08:57:32 AM »


No more for me for a while... got to ease off til I can apply for a Gold Amex for some more lovely MR points.

I think I maxed out all the MR-type cards last year. Will wait a bit then reapply. Wonder if it is a good time this year to reapply for the Marriott again. I don't think we have had that for a few years now.



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If you want the Marriott one get it now or very soon - Chase may be leaving Canada (the Amazon card is not available to new applicants now, and AFAIK all call-centre stuff is managed by Scotia).

elaine amj

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Re: Canadians who are successful with credit card hacking click here.
« Reply #59 on: May 05, 2017, 09:04:41 AM »
If you want the Marriott one get it now or very soon - Chase may be leaving Canada (the Amazon card is not available to new applicants now, and AFAIK all call-centre stuff is managed by Scotia).

Ack - its only a 30k bonus now plus I currently have a couple of commitments to spend already:
- both of us just got the Scotiabank cards and have to meet $750x2 in spend
- 25 purchases using our BMO airmiles card within the month of May as part of a challenge to earn 1350 airmiles

Hmmm...what to do, what to do. It would be a shame to give up on 30,000x2 Marriott points (even if they're only really worth 2-3 hotel nights to me - I have never managed to find a Cat 1-2 redemption where I travel!)

daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #60 on: May 05, 2017, 11:44:03 AM »
If you want the Marriott one get it now or very soon - Chase may be leaving Canada (the Amazon card is not available to new applicants now, and AFAIK all call-centre stuff is managed by Scotia).

Ack - its only a 30k bonus now plus I currently have a couple of commitments to spend already:
- both of us just got the Scotiabank cards and have to meet $750x2 in spend
- 25 purchases using our BMO airmiles card within the month of May as part of a challenge to earn 1350 airmiles

Hmmm...what to do, what to do. It would be a shame to give up on 30,000x2 Marriott points (even if they're only really worth 2-3 hotel nights to me - I have never managed to find a Cat 1-2 redemption where I travel!)

Pay some taxes (or whatever!) by Plastiq?

Buy Amazon credit... 25 times. Ha.

FIRE_at_45

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Re: Canadians who are successful with credit card hacking click here.
« Reply #61 on: May 05, 2017, 12:58:23 PM »
Thanks, that's a good one.

https://www.greatcanadianrebates.ca/details/Scotia-SCENE/

^^ this is also a good one.  No annual fee card.  $25 value in movies for signing up plus the $75 bonus from GCR.

That card's pretty terrible, honestly. Depends on your situation and whatnot, but...

The Scotia Amex on the other hand is a fantastic main-if-they-take-Amex card - 4% on gas/groceries/restaurants, when you redeem for travel. Excellent travel insurance (25 days I think).

I re-got one last month or so, but because they had pre-approved me... Only $250 in points but no hard pull, so I took it!

No more for me for a while... got to ease off til I can apply for a Gold Amex for some more lovely MR points.

I think it depends on your goals.  Some people love going to the movies so getting g a few feee passes is pretty decent, along with $75 for dinner.

I'm still learning though.

daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #62 on: May 05, 2017, 01:37:13 PM »
Thanks, that's a good one.

https://www.greatcanadianrebates.ca/details/Scotia-SCENE/

^^ this is also a good one.  No annual fee card.  $25 value in movies for signing up plus the $75 bonus from GCR.

That card's pretty terrible, honestly. Depends on your situation and whatnot, but...

The Scotia Amex on the other hand is a fantastic main-if-they-take-Amex card - 4% on gas/groceries/restaurants, when you redeem for travel. Excellent travel insurance (25 days I think).

I re-got one last month or so, but because they had pre-approved me... Only $250 in points but no hard pull, so I took it!

No more for me for a while... got to ease off til I can apply for a Gold Amex for some more lovely MR points.

I think it depends on your goals.  Some people love going to the movies so getting g a few feee passes is pretty decent, along with $75 for dinner.

I'm still learning though.

MBNA RWE = $100 signup plus $60 cashback through GCR, 2% on everything, first year free is a lot better.

Depends on your household income I guess, though I think there is a lesser version of this card if you don't qualify.

Gold Amex is 25k MR, etc, etc.

FIRE_at_45

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Re: Canadians who are successful with credit card hacking click here.
« Reply #63 on: May 05, 2017, 01:45:08 PM »
^^what do you mean by $100 signup, plus the $60 bonus? 

Please continue posting the best cards.  I peruse the Reddit forum but I only find it moderately useful.


daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #64 on: May 05, 2017, 02:51:47 PM »
If you want the Marriott one get it now or very soon - Chase may be leaving Canada (the Amazon card is not available to new applicants now, and AFAIK all call-centre stuff is managed by Scotia).

Ack - its only a 30k bonus now plus I currently have a couple of commitments to spend already:
- both of us just got the Scotiabank cards and have to meet $750x2 in spend
- 25 purchases using our BMO airmiles card within the month of May as part of a challenge to earn 1350 airmiles

Hmmm...what to do, what to do. It would be a shame to give up on 30,000x2 Marriott points (even if they're only really worth 2-3 hotel nights to me - I have never managed to find a Cat 1-2 redemption where I travel!)

Oh, you can still get 50k, from RFD the link is https://www.marriottpremier.ca/?arv=lp12&JOBNUM=VMR1207059

daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #65 on: May 05, 2017, 02:54:50 PM »
^^what do you mean by $100 signup, plus the $60 bonus? 

Please continue posting the best cards.  I peruse the Reddit forum but I only find it moderately useful.

If you sign up through Great Canadian Rebates you'll get $60 cashback; plus a signup bonus of $100, and first year free, for that card. Here: https://www.greatcanadianrebates.ca/details/MBNA-Rewards-World-Elite/ (let me know if you don't have a GCR account, I have a referral link somewhere). 10k points = $100 statement credit, and you get 2 points/dollar spent = flat 2% cashback everywhere.

It's a great general spend card, though of course there are better specific category ones (the Scotia Amex and Momentum Infinite, for example), and much better sign up bonuses (see Elaine's Scotia Gold Amex deal - $300 in points plus gift card from rate supermarket).

elaine amj

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Re: Canadians who are successful with credit card hacking click here.
« Reply #66 on: May 05, 2017, 10:42:10 PM »
Listen to @daverobev - Great Canadian Rebates is AWESOME and the Americans have nothing like it. Really helps boost weaker sign up bonuses.


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elaine amj

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Re: Canadians who are successful with credit card hacking click here.
« Reply #67 on: May 05, 2017, 10:45:23 PM »
If you want the Marriott one get it now or very soon - Chase may be leaving Canada (the Amazon card is not available to new applicants now, and AFAIK all call-centre stuff is managed by Scotia).

Ack - its only a 30k bonus now plus I currently have a couple of commitments to spend already:
- both of us just got the Scotiabank cards and have to meet $750x2 in spend
- 25 purchases using our BMO airmiles card within the month of May as part of a challenge to earn 1350 airmiles

Hmmm...what to do, what to do. It would be a shame to give up on 30,000x2 Marriott points (even if they're only really worth 2-3 hotel nights to me - I have never managed to find a Cat 1-2 redemption where I travel!)

Oh, you can still get 50k, from RFD the link is https://www.marriottpremier.ca/?arv=lp12&JOBNUM=VMR1207059

Wait..all I have to do is make one purchase?? No minimum $1000 in 3 months? Don't see any real reason to wait then. If I remember correctly - 50k is a good bonus - has any higher bonuses been offered in Canada?


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daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #68 on: May 06, 2017, 04:18:20 AM »
If you want the Marriott one get it now or very soon - Chase may be leaving Canada (the Amazon card is not available to new applicants now, and AFAIK all call-centre stuff is managed by Scotia).

Ack - its only a 30k bonus now plus I currently have a couple of commitments to spend already:
- both of us just got the Scotiabank cards and have to meet $750x2 in spend
- 25 purchases using our BMO airmiles card within the month of May as part of a challenge to earn 1350 airmiles

Hmmm...what to do, what to do. It would be a shame to give up on 30,000x2 Marriott points (even if they're only really worth 2-3 hotel nights to me - I have never managed to find a Cat 1-2 redemption where I travel!)

Oh, you can still get 50k, from RFD the link is https://www.marriottpremier.ca/?arv=lp12&JOBNUM=VMR1207059

Wait..all I have to do is make one purchase?? No minimum $1000 in 3 months? Don't see any real reason to wait then. If I remember correctly - 50k is a good bonus - has any higher bonuses been offered in Canada?


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I haven't seen a better one in terms of points, but you used to get a certificate for a lower grade hotel for the first year. If you want it, I'd go for it as there is a very strong chance the card will not exist as-is in a few months (might end up with Amex because of Starwood of course).

elaine amj

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« Reply #69 on: May 06, 2017, 09:35:06 AM »
Hmmm...that does make a difference as I value that free night at about 20-30k points. Play it safe and apply now or wait and hope?

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Re: Canadians who are successful with credit card hacking click here.
« Reply #70 on: May 06, 2017, 11:23:11 AM »
Hmmm...that does make a difference as I value that free night at about 20-30k points. Play it safe and apply now or wait and hope?

Apply and see. Chase can be picky, but if they decline, what have you lost? Wait three months and try again if the card still exists, or something else if it doesn't (SPG Amex?).

elaine amj

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« Reply #71 on: May 06, 2017, 11:52:55 PM »

Apply and see. Chase can be picky, but if they decline, what have you lost? Wait three months and try again if the card still exists, or something else if it doesn't (SPG Amex?).

I'm not worried about being declined - we should have no problems getting a Chase CC in Canada. Just being greedy and not wanting to miss a better bonus for this CC down the road!


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daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #72 on: May 07, 2017, 07:40:20 AM »

Apply and see. Chase can be picky, but if they decline, what have you lost? Wait three months and try again if the card still exists, or something else if it doesn't (SPG Amex?).

I'm not worried about being declined - we should have no problems getting a Chase CC in Canada. Just being greedy and not wanting to miss a better bonus for this CC down the road!


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I really doubt this card as it currently is will be available in a few months. With the SPG/Marriott merger, if there is a better bonus it'll be for a new card.

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Re: Canadians who are successful with credit card hacking click here.
« Reply #73 on: May 07, 2017, 09:21:20 PM »
I'm sorry I don't have anything valuable to contribute yet, but I do have some questions:

1. For those using multiple cards, how do you pay your balances? When I got a TD Aeroplan VISA, I set up an account at TD since it seemed to be the easiest way to make payments. There didn't seem to be an easy way to transfer from an account at one bank to a TD VISA, whereas it's fairly easy to transfer between accounts at different banks. Do you send cheques each month, or open accounts at multiple banks, or am I missing something here?

2. I've seen the effects of CC churning on credit rating discussed from an American perspective, but not a Canadian one. What are the pitfalls and ways around them?

3. Anyone with Canadian experience of continuing to try to maximize rewards when you no longer have any or much employment income (as in, FIRE)? CC applications seem focused on employment income over investment income or wealth.

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Re: Canadians who are successful with credit card hacking click here.
« Reply #74 on: May 07, 2017, 09:31:15 PM »
I'm sorry I don't have anything valuable to contribute yet, but I do have some questions:

1. For those using multiple cards, how do you pay your balances? When I got a TD Aeroplan VISA, I set up an account at TD since it seemed to be the easiest way to make payments. There didn't seem to be an easy way to transfer from an account at one bank to a TD VISA, whereas it's fairly easy to transfer between accounts at different banks. Do you send cheques each month, or open accounts at multiple banks, or am I missing something here?

2. I've seen the effects of CC churning on credit rating discussed from an American perspective, but not a Canadian one. What are the pitfalls and ways around them?

3. Anyone with Canadian experience of continuing to try to maximize rewards when you no longer have any or much employment income (as in, FIRE)? CC applications seem focused on employment income over investment income or wealth.

1. You can set up a bill payment on in your online banking for any credit card so that's not an issue at all.  I pay AMEX, TD, Tangerine etc. all from my Tangerine chequing a/c.

2. From what I've heard it is most important to pay your balances.  For cards that don't carry an annual fee you can just hold on to them and keep them open.  For cards that have an annual fee you cancel them after 6 months and then sign up again after 3 or 6 months.  I haven't tried this as of yet as I'm a rookie too.

3. That does seem to be an issue.

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« Reply #75 on: May 07, 2017, 11:27:05 PM »
1. You can set up a bill payment on in your online banking for any credit card so that's not an issue at all.  I pay AMEX, TD, Tangerine etc. all from my Tangerine chequing a/c.

Oh yeah.....I had completely forgotten about that. I used to use it for a bunch of things but haven't for a number of years since I pay by credit card. The one thing left that you can't/shouldn't pay by credit card is another credit card.

daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #76 on: May 08, 2017, 05:46:47 AM »
I'm sorry I don't have anything valuable to contribute yet, but I do have some questions:

2. I've seen the effects of CC churning on credit rating discussed from an American perspective, but not a Canadian one. What are the pitfalls and ways around them?

3. Anyone with Canadian experience of continuing to try to maximize rewards when you no longer have any or much employment income (as in, FIRE)? CC applications seem focused on employment income over investment income or wealth.

2. If you go hard at it, your AAoA or average age of accounts will drop. That heals over time. It's good to have a few old no fee cards to prop this up. Your score will drop a few points on each application, and more if you apply for lots in a short time. Again, it heals over weeks-months. It's good to spend at least a little on each card every month to keep a good profile with the institution - so they have a good history *with you* in case it ever goes to manual processing (ie, open a card, meet spend, sock drawed? If an actual person looks and can see that's all you do they might be less inclined to grant more/new credit - dependent on the institution though).

3. The better cards may be out of reach, or you'll have to call in/discuss. You can certainly put 'retired' on your application. There are new requirements for the higher end cards (MasterCard World Elite, Visa Infinite) - $80k individual for the MC ones. Now, in branch in person you can get around this. But for other institutions it's harder. You can just lie on the application. Amex has low thresholds, but they are only 1/3 the picture.

elaine amj

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« Reply #77 on: May 08, 2017, 06:05:08 PM »
We haven't had any problems with our credit rating. Its actually been improving mine. I did apply for a CC when I got married 17 years ago (still have it) - but didn't use it. Been a secondary on my DH's cards for years.

Did have some trouble when I started applying for CCs a couple of years back (had to talk to recon) but now I am finally starting to get instant approvals.




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« Reply #78 on: May 11, 2017, 02:15:06 PM »
Saw the news headline: Air Canada won't use Aeroplan miles anymore

(I didn't read any more than that since I'm not familiar with flight reward systems)

elaine amj

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« Reply #79 on: May 11, 2017, 02:48:49 PM »
wow - interesting. I haven't started collecting any aeroplan miles and was planning to start work on that next year.

Guess its a good thing I've ramped up my efforts with the Air Miles program instead.

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« Reply #80 on: May 11, 2017, 03:52:13 PM »
You have 3 years to collect and use aeroplan with air canada.

Regardless, air canada has never been an effective use of aeroplan points, they charge ridiculous amounts for ''fees''. Fly other airlines. You won't regret it.

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« Reply #81 on: May 13, 2017, 02:13:18 PM »
Yes, the end of Aeroplan sort of blows.  Here's their post about it.  I guess I need to figure out a better way to capture travel rewards.  I may not convert my AMEX points knowing this information. 


Air Canada announced today that they intend to launch an in‑house Frequent Flyer program. I wanted to personally provide some additional information.

First and foremost, through June 2020, Air Canada and Aeroplan are committed to business as usual. You can continue to earn and redeem Aeroplan Miles for Aeroplan flight rewards, including flights with Air Canada and Star Alliance member airlines just as you do today.

In addition to the miles you earn on Air Canada eligible flights, you will continue to collect miles from our network of over 75 world‑class partners, representing more than 150 partner brands in the financial, retail, and travel sectors.

With more than 5 million members, Aeroplan is Canada's premier coalition loyalty program, and there is strength in our numbers. Last year, Aeroplan members redeemed for 1.9 million flight rewards, enough to fill 11 Boeing 777s (the biggest plane in Air Canada's fleet) every single day of the year.

We know how much you care about this program, and we're working to secure great new redemption options for you after June 2020.

We are committed to providing the best value for our members. We'll post the most up‑to‑date information and FAQ's on aeroplan.com.

And finally, I'd like to thank you for your continued passion for the Aeroplan program.

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« Reply #82 on: May 13, 2017, 03:06:30 PM »
You have 3 years to collect and use aeroplan with air canada.

Regardless, air canada has never been an effective use of aeroplan points, they charge ridiculous amounts for ''fees''. Fly other airlines. You won't regret it.

But isn't that the point - the Star Alliance stuff is *via* AC - at the moment it sounds like Aeroplan will still get AC flights, but no doubt at a worse rate; but you will NOT be able to get on other carriers.

That, of course, is until Aeroplan (Aimia) finds an/other partner/s.

Off topic, but IMHO the Aimia stock is looking pretty cheap right now :P They were off ~60% when the news broke. For something that they have three years to at least try to cope with - and they aren't starting from nowhere. We'll see I guess.

elaine amj

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« Reply #83 on: May 15, 2017, 02:50:42 PM »
I'm whining a bit - but they're making me jump through hoops to get my Scotiabank Amex! I have to make an appointment to pick up in branch during their business hours (which are not convenient for me). Ugh. Oh well - the bonus is going to be well worth it.

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Re: Canadians who are successful with credit card hacking click here.
« Reply #84 on: May 15, 2017, 10:16:48 PM »
I'm whining a bit - but they're making me jump through hoops to get my Scotiabank Amex! I have to make an appointment to pick up in branch during their business hours (which are not convenient for me). Ugh. Oh well - the bonus is going to be well worth it.
It is because they want a physical signature.

I got a scotiabank card, and trying to get a second card for DH involved a LOT of hoops.  We wanted him to be able to call and discuss the account, and that also required a trip to the bank, before 4pm, on a weekday.   Yeah.. didn't happen.

elaine amj

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Re: Canadians who are successful with credit card hacking click here.
« Reply #85 on: May 16, 2017, 07:48:52 AM »
It is because they want a physical signature.

I got a scotiabank card, and trying to get a second card for DH involved a LOT of hoops.  We wanted him to be able to call and discuss the account, and that also required a trip to the bank, before 4pm, on a weekday.   Yeah.. didn't happen.

First time with all my various credit cards I've ever had to deal with anything like that. Although my friend just told me TD does the same thing now. My guess is they want us in there so they can sell us other banking products. I called and threw a fit (apologizing to the nice lady that couldn't do anything). I made my appointment for today, making it absolutely clear that they must have the papers ready for me and that I could give them a max of 10 mins of my time. I have plenty of horror memories of it taking forever and a day to open up investment accounts at TD. They NEVER had the papers ready for me to sign. (and yes, every time I have to deal with banks now I whine a lot LOL!)

Goldielocks

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Re: Canadians who are successful with credit card hacking click here.
« Reply #86 on: May 16, 2017, 12:47:06 PM »
Agreed that the Scotia bank thinking is entirely un-neccesary.   I should have been able to just call and have DH added to the account or fax in a form.

techwiz

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Re: Canadians who are successful with credit card hacking click here.
« Reply #87 on: May 16, 2017, 01:22:50 PM »
I'm whining a bit - but they're making me jump through hoops to get my Scotiabank Amex! I have to make an appointment to pick up in branch during their business hours (which are not convenient for me). Ugh. Oh well - the bonus is going to be well worth it.
It is because they want a physical signature.

I got a scotiabank card, and trying to get a second card for DH involved a LOT of hoops.  We wanted him to be able to call and discuss the account, and that also required a trip to the bank, before 4pm, on a weekday.   Yeah.. didn't happen.

Same thing happened to me for their Scene Card. They called me and said I was preapproved great deal etc.... I had a weak moment and agreed,  but then got a call saying I had to go into the bank to pick it up during their crappy hours (week days only before 4pm).  That was a deal breaker and I told them forget it cancel the card. A month later I got a zero balance statement in the mail. I ended up having to call in and cancel the card again. This additional wasted time really pissed me off. I ended up wasting more time than if I went to the free movie they promised me. The banks are really hard selling stuff these days reminds me of those timeshare sales people.

The credit cards I am using now which I find have the best benefits:
  • Tangerine with cash back
  • Costco MC with cash back
  • PC MC with PC points
 

daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #88 on: May 16, 2017, 05:49:00 PM »
I'm whining a bit - but they're making me jump through hoops to get my Scotiabank Amex! I have to make an appointment to pick up in branch during their business hours (which are not convenient for me). Ugh. Oh well - the bonus is going to be well worth it.
It is because they want a physical signature.

I got a scotiabank card, and trying to get a second card for DH involved a LOT of hoops.  We wanted him to be able to call and discuss the account, and that also required a trip to the bank, before 4pm, on a weekday.   Yeah.. didn't happen.

Same thing happened to me for their Scene Card. They called me and said I was preapproved great deal etc.... I had a weak moment and agreed,  but then got a call saying I had to go into the bank to pick it up during their crappy hours (week days only before 4pm).  That was a deal breaker and I told them forget it cancel the card. A month later I got a zero balance statement in the mail. I ended up having to call in and cancel the card again. This additional wasted time really pissed me off. I ended up wasting more time than if I went to the free movie they promised me. The banks are really hard selling stuff these days reminds me of those timeshare sales people.

The credit cards I am using now which I find have the best benefits:
  • Tangerine with cash back
  • Costco MC with cash back
  • PC MC with PC points


You are missing out on thousands of dollars of sign up bonuses. Most banks just send a card in the mail. Just Scotia being a bit odd (I actually prefer getting it at the branch because their mail seems to arrive a lot quicker than the regular mail does..)

centwise

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Re: Canadians who are successful with credit card hacking click here.
« Reply #89 on: May 16, 2017, 07:09:20 PM »
following

techwiz

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Re: Canadians who are successful with credit card hacking click here.
« Reply #90 on: May 17, 2017, 07:53:46 AM »
You are missing out on thousands of dollars of sign up bonuses. Most banks just send a card in the mail. Just Scotia being a bit odd (I actually prefer getting it at the branch because their mail seems to arrive a lot quicker than the regular mail does..)

I don't mind doing some work to get bonuses, but my experiences over the years have not proved to be that profitable. Please share how to get these thousands of dollars of sign up bonuses.
 
Following. 

elaine amj

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Re: Canadians who are successful with credit card hacking click here.
« Reply #91 on: May 17, 2017, 09:06:47 AM »
I don't mind doing some work to get bonuses, but my experiences over the years have not proved to be that profitable. Please share how to get these thousands of dollars of sign up bonuses.
 
Following.

It's true, some are not that profitable - but some can be worth it. I only sign up when I get at least $200 back.

Last year, we got the TD Infinite Visa. $200 in travel (VERY flexible redemption - I was impressed!) + first year fee waived. Both DH and I signed up and got a total of $400.

Our latest is the Scotiabank Gold Amex. $300 in travel + $75 gift card + first year fee waived. Both DH and I signed up and are getting $750 worth in rewards just to sign up.

So, 4 cards = $1150 in rewards not counting any rewards earned through spending.

I am really impressed with the Scotiabank Gold Amex. 4% back in travel on gas, groceries, dining, and entertainment + 1% back in everything else. This is a much better return than the current cards we are using (PC World Elite - 3% back at the Superstore and 1% everywhere else) so I am happy to switch to this as our main card for the next year. Still considering whether the annual fee is worth keeping it though.

In comparison, the other cards you mentioned are:
Tangerine with cash back - 2% on 2 categories of your choice + 0.5% everywhere else
Costco MC with cash back - 3% dining, 2% gas, 0.5% on first $3k of everything else, then 1% on everything else
PC MC with PC points - 3% back at the Superstore and 1% everywhere else

A couple of years ago, I was working on earning Air Miles as we wanted to get free tickets to Disneyland. I needed 4700 Air Miles for two 5-day tickets (worth US$582 at the best discounted rate I could find). We already had about 1700 Air Miles in our account so it took us about 3 credit card applications for the other 3000 miles we needed (plus we got $55 in rebates for applying).

daverobev

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Re: Canadians who are successful with credit card hacking click here.
« Reply #92 on: May 17, 2017, 10:23:46 AM »
You are missing out on thousands of dollars of sign up bonuses. Most banks just send a card in the mail. Just Scotia being a bit odd (I actually prefer getting it at the branch because their mail seems to arrive a lot quicker than the regular mail does..)

I don't mind doing some work to get bonuses, but my experiences over the years have not proved to be that profitable. Please share how to get these thousands of dollars of sign up bonuses.
 
Following.

Use the link in my sig - sign up for an Amex Business Platinum through a referral = 75k MR points, less $400 fee = $350 (or more, if you value Aeroplan etc at > 1c each - you can transfer the points to a lot of places or redeem for a statement credit).

Then self-refer to a Gold Personal Amex; 25k MR points from that card, plus 25k referral points = $500+

Then self-refer to a Plat Personal Amex; 60k MR points plus two $200 travel credits, less $700 fee, plus 25k referral points = $550+

If you have a partner, double that up.

Then... TD and CIBC Aeroplan cards, 25k for the TD one at least.

Scotia as mentioned. Alaska Air gives 25k points for $75 fee, may or may not be worth it for you. Lots of good stuff out there.